Original disclosure @ IFC website
Updated in EWS Aug 17, 2022
Disclosed by Bank Apr 21, 2022
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According to IFC bank information, under this project, it would be provided a senior loan of up to US$2.5mn to Microfinance company Elet Capital CJSC (Elet Capital or the Company) for micro enterprises (MEs) and underserved individuals in rural areas of the Kyrgyzistan.
Stakeholder Effect: The most significant project-level outcome is derived from increased access to finance for MEs and underserved individuals with a focus on women enterprises and micro-housing, particularly in rural areas.
Resilience: IFC anticipates that the Project will promote increased resilience, achieved though supporting access to finance for MEs to withstand financials and economic shocks caused by the COVID-19 pandemic. IFC will also support the private sector in the economic recovery process after the crisis, shortening the time for the most vulnerable to return to their previous income generating capacities.
Elet Capital was founded in 2005 by Meirazhdin Zupluyev and rnst Kamchybekov. 40.04% of the Company's share capital is owned by Saidbek Zulpuyev and 27.20% is owned Pte Ltd, Singapore-based holding company established in 2013 that invests equity in smaller and mid-sized MFIs in Asia. 18,20% belongs to Zukhrazhan Zulpuyeva, while the remaining 14.56% is owned by ?rn?st Kamchybekov, the and one of the two founders of Elet Capital.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Microfinance company Elet Capital CJSC
l25, Moskovskaya str., Bishkek city, Kyrgyz Republic
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